Sotheby's CEO Thomas Smith's 2018 pay slips 9% to $7.4M
Sotheby's reports 2018 executive compensation
By ExecPay News
Published: March 29, 2019
Sotheby's reported fiscal year 2018 executive compensation information on March 29, 2019.
In 2018, five Sotheby's executives received on average a compensation package of $3.4M, a 4% increase compared to previous year.
Thomas S. Smith, Jr, Chief Executive Officer, received $7.4M in total, which decreased by 9% compared to 2017. 40% of Smith's compensation, or $3M, was in stock awards. Smith also received $2.8M in non-equity incentive plan, $1.4M in salary, as well as $246K in other compensation.
For fiscal year 2018, the median employee pay was $70,448 at Sotheby's. Therefore, the ratio of Thomas S. Smith, Jr's pay to the median employee pay was 106 to one.
Michael Goss, Chief Financial Officer, received a compensation package of $2.5M, which increased by 28% compared to previous year. 68% of the compensation package, or $1.7M, was in stock awards.
David Goodman, Executive Vice President, Digital Developing and Marketing, earned $2.4M in 2018, a 3% decrease compared to previous year.
Adam Chinn, Chief Operating Officer, received $2.3M in 2018, which increases by 5% compared to 2017.
Valentino D. Carlotti, Executive Vice President, Head of Global Business Development, earned $2.3M in 2018, a 49% increase compared to previous year.
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